Hyundai Motor recalls 81,000 EVs for battery defect, may prove to be the costliest recall
Hyundai Motor’s Q4 2020 results are going to suffer due to the costs of the recall. PUBLISHED BY TAGS:
Hyundai Motors to recall 81,701 vehicles globally. The recalled vehicles include
Kona EV, Elec City bus built between November 2017 and March 2020.
Hyundai Motor says the vehicle recalls are expected to cost the company about 1 trillion won or an estimated $900 million.
In South Korea, 26,699 electric vehicles have been recalled due to potential fire risks, according to the South Korean transport ministry.
The South Korean authorities are planning a thorough probe as Hyundai’s Kona EV is facing a second recall.
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Hyundai electric cars in €736 million worldwide recall
Updated / Thursday, 25 Feb 2021
16:27
Motoring Editor
The first major global recall of electric cars is underway as Hyundai sets about replacing battery systems in over 80,000 cars sold around the world.
Hyundai is to replace battery systems in some 82,000 electric vehicles globally due to fire risks. Reuters reports that it s a costly 700 million Euro recall and is one of the first mass battery pack replacements conducted by a major car manufacturer.
The recall mostly concerns the Kona EV, Hyundai’s biggest-selling electric car which was first recalled late last year for a software upgrade after a spate of fires. One of the recalled Kona EVs caught fire in January, however, and South Korean authorities launched a probe into whether the first recall had been adequate.
Hyundai to replace battery systems in EVs across the globe in $900 million recall Updated Feb 24, 2021 | 17:15 IST
The recall mostly concerns the Kona EV, Hyundai s biggest-selling electric car which was first recalled late last year for a software upgrade after a spate of fires. Hyundai to replace battery systems in EVs across the globe in $900 million recall
Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks - a costly $900 million recall that lays bare the thorny issue of how car and battery makers split the bill when problems arise.
The recall is one of the first mass battery pack replacements conducted by a major automaker.